-----BEGIN PRIVACY-ENHANCED MESSAGE----- Proc-Type: 2001,MIC-CLEAR Originator-Name: webmaster@www.sec.gov Originator-Key-Asymmetric: MFgwCgYEVQgBAQICAf8DSgAwRwJAW2sNKK9AVtBzYZmr6aGjlWyK3XmZv3dTINen TWSM7vrzLADbmYQaionwg5sDW3P6oaM5D3tdezXMm7z1T+B+twIDAQAB MIC-Info: RSA-MD5,RSA, QizAV28BFhAS01gnctOkKcdMRmASUz6mVS0ItFnAcH7oLy778f2fsaOm3DsMTOGx po7nln2CQRDrZIzdRleiwg== 0000037996-02-000058.txt : 20021016 0000037996-02-000058.hdr.sgml : 20021016 20021016155253 ACCESSION NUMBER: 0000037996-02-000058 CONFORMED SUBMISSION TYPE: 8-K PUBLIC DOCUMENT COUNT: 7 CONFORMED PERIOD OF REPORT: 20021016 ITEM INFORMATION: Other events ITEM INFORMATION: Financial statements and exhibits FILED AS OF DATE: 20021016 FILER: COMPANY DATA: COMPANY CONFORMED NAME: FORD MOTOR CO CENTRAL INDEX KEY: 0000037996 STANDARD INDUSTRIAL CLASSIFICATION: MOTOR VEHICLES & PASSENGER CAR BODIES [3711] IRS NUMBER: 380549190 STATE OF INCORPORATION: DE FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: 8-K SEC ACT: 1934 Act SEC FILE NUMBER: 001-03950 FILM NUMBER: 02790497 BUSINESS ADDRESS: STREET 1: ONE AMERICAN ROAD CITY: DEARBORN STATE: MI ZIP: 48126 BUSINESS PHONE: 3133223000 MAIL ADDRESS: STREET 1: ONE AMERICAN RD CITY: DEARBORN STATE: MI ZIP: 48126 8-K 1 e101602cover.txt SECURITIES AND EXCHANGE COMMISSION Washington, D. C. 20549 FORM 8-K CURRENT REPORT Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934 Date of Report October 16, 2002 ---------------- (Date of earliest event reported) FORD MOTOR COMPANY ------------------ (Exact name of registrant as specified in its charter) Delaware -------- (State or other jurisdiction of incorporation) 1-3950 38-0549190 ------- ---------- (Commission File Number) (IRS Employer Identification No.) One American Road, Dearborn, Michigan 48126 -------------------------------------- ----- (Address of principal executive offices) (Zip Code) Registrant's telephone number, including area code 313-322-3000 ------------ -2- Item 5. Other Events. - --------------------- Our news release dated October 16, 2002 concerning third quarter 2002 financial results, together with supplemental third quarter 2002 financial information, filed as Exhibits 20 and 99.1 through 99.4, respectively, to this report, are incorporated by reference herein. In addition, our North American and Overseas Production schedule dated October 16, 2002, filed as Exhibit 99.5 to this report, is incorporated by reference herein. To view slides summarizing our third quarter 2002 financial results, investors can visit the following web site: http://media.ford.com. Also, investors can access replays of a conference call with news media and security analysts to review our third quarter results that was hosted by Allan Gilmour, Ford's Vice Chairman and Chief Financial Officer, which took place in the morning on October 16, 2002, by visiting one of the following web sites: www.shareholder.ford.com, www.streetevents.com (subscribers only) or http://www.companyboardroom.com. Statements included herein may constitute "forward looking statements" within the meaning of the Private Securities Litigation Reform Act of 1995. These statements involve a number of risks, uncertainties, and other factors that could cause actual results to differ materially from those stated, including, without limitation: greater price competition in the U.S. and Europe resulting from currency fluctuations, industry overcapacity or other factors; a significant decline in industry sales, particularly in the U.S. or Europe, resulting from slowing economic growth or other factors; lower-than-anticipated market acceptance of new or existing products; currency or commodity price fluctuations; economic difficulties in South America or Asia; reduced availability of or higher prices for fuel; a market shift from truck sales in the U.S.; lower-than-anticipated residual values for leased vehicles; a credit rating downgrade; labor or other constraints on our ability to restructure our business; increased safety, emissions, fuel economy or other regulation resulting in higher costs and/or sales restrictions; work stoppages at key Ford or supplier facilities or other interruptions of supplies; the discovery of defects in vehicles resulting in delays in new model launches, recall campaigns or increased warranty or litigation costs; insufficient credit loss reserves; and our inability to implement the Revitalization Plan. -3- Item 7. Financial Statements, Pro Forma Financial Information and Exhibits. - --------------------------------------------------------------------------- EXHIBITS -------- Designation Description Method of Filing - ----------- ----------- ---------------- Exhibit 20 News Release dated October 16, 2002 Filed with this Report Exhibit 99.1 Selected Consolidated Detail Filed with this Report Exhibit 99.2 Vehicle Unit Sales Detail Filed with this Report Exhibit 99.3 Automotive Geographic and Filed with this Report Cost of Sales Detail Exhibit 99.4 Third Quarter 2002 Data Filed with this Report Sheet Exhibit 99.5 North American and Filed with this Report Overseas Production schedule dated October 16, 2002 SIGNATURE --------- Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned thereunto duly authorized on the date indicated. FORD MOTOR COMPANY -------------------------------- (Registrant) Date: October 16, 2002 By: /s/Kathryn S. Lamping -------------------------------- Kathryn S. Lamping Assistant Secretary -4- EXHIBIT INDEX ------------- Designation Description - ----------- ----------- Exhibit 20 News Release dated October 16, 2002 Exhibit 99.1 Selected Consolidated Detail Exhibit 99.2 Vehicle Unit Sales Detail Exhibit 99.3 Automotive Geographic and Cost of Sales Detail Exhibit 99.4 Third Quarter 2002 Data Sheet Exhibit 99.5 North American and Overseas Production Schedule dated October 16, 2002 EX-20 3 e101602ex20.txt Exhibit 20 NEWS Contact: Media: - ------ Dave Reuter 1.313.594.4410 dreuter@ford.com Securities Analysts: - -------------------- Anne Bork 1.313.323.8221 abork@ford.com Shareholder Inquiries: - ---------------------- 1.800.555.5259 or 1.313.845.8540 stockinfo@ford.com Media Information Center 1.800.665.1515 or 1.313.621.0504 media@ford.com Go to http://media.ford.com for news releases and high-resolution photographs IMMEDIATE RELEASE - ----------------- FORD EXCEEDS ESTIMATES FOR THIRD QUARTER, REPORTS OPERATING PROFIT o Third quarter profit of 12 cents per share, excluding unusual items, beats consensus estimate by 9 cents per share o Operating profit, revenue and unit sales all rise from year ago levels o Automotive gross cash at $25.7 billion, up $800 million from last quarter o Expect slight profit for fourth quarter and a full year profit of about 40 cents per share - within the range of analysts' estimates of 35 to 55 cents per share DEARBORN, Mich., Oct. 16 - Ford Motor Company [NYSE: F] today reported a net loss of $326 million, or 18 cents per share, in the third quarter of 2002. Excluding charges related to the sale of Kwik-Fit and other unusual items, Ford earned an operating profit of $220 million, or 12 cents per share. Ford reported a loss of $502 million, or 28 cents per share, excluding unusual items, in the third quarter of 2001. Ford's third quarter revenues were $39.6 billion, a nine percent increase from last year's third quarter. Worldwide vehicle sales in the 2002 third quarter were 1,657,000 units - also up nine percent over the previous year's quarter. "The fundamentals of our business are improving, as evidenced by increases in our revenue and vehicle sales, improvements in our market share and tangible progress on cost efficiencies," said Bill Ford, chairman and CEO. "While we are pleased with our progress, we continue our work with a strong sense of urgency to restore our business to its full profit potential." -2- The company's Revitalization Plan advanced on multiple fronts this quarter, including progress in the areas of right-sizing capacity and overhead reductions. These improvements, along with numerous other cost improvement actions already identified, are being implemented across the company to reduce $2 billion in non-product costs in 2002. In addition, the company is on track to offset all product cost increases and reduce its material costs by $3 billion by mid-decade. The sale of Kwik-Fit, a European maintenance and light vehicle repair business, and Collision Team of America, a U.S.-based chain of collision repair shops, improved the total cash to be realized on the sale of non-core assets to more than $700 million in 2002. The company continues to expect to realize $1 billion in cash from the divestiture of non-core assets in 2002, with some of the proceeds to be received in the first quarter of next year. "Our Revitalization Plan is like a bridge from our current challenges to a much stronger future for the Ford Motor Company," said Nick Scheele, Ford president and chief operating officer. "Our plan is stronger now than at any time this year, and I anticipate that it will only continue to improve in the coming months." In addition to progress on key aspects of the Revitalization Plan, the company is focusing on growth plans for the premium brands - Jaguar, Volvo, Land Rover and Aston Martin. In the past 18 months, Ford's premium brands have experienced rapid growth. The company is reassessing their sustainable rate of growth and the appropriate cadence of new products to ensure that brand value is protected and product execution is not jeopardized. "Our premium brand strategy has created some outstanding new products in the past two years and has brought an entirely new set of customers to our luxury car showrooms," said Scheele. "Our focus in the future will center on capturing the full potential of this growth while strengthening the integrity of our premium brands." Third quarter 2002 results included the following after-tax, unusual items: o $525 million loss on the agreement to sell Kwik-Fit and other businesses o $142 million benefit related to interest income earned on a U.S. federal tax refund -3- o $158 million charge relating to the accounting standard for derivative instruments and hedging activities (SFAS No. 133) o $5 million charge for the projected costs related to legislation passed in the third quarter in selected countries to implement a European Parliament directive involving end-of-life vehicles The following discussion of third quarter results excludes unusual items in both years: AUTOMOTIVE OPERATIONS Worldwide automotive operations reported a loss of $243 million in the third quarter, compared with a loss of $877 million one year ago. Worldwide automotive revenues were $32.4 billion, compared with $28.4 billion a year ago. Automotive gross cash at Sept. 30 totaled $25.7 billion, including $900 million of pre-funding employee benefit expenses through a Voluntary Employee Beneficiary Association trust. North America: Ford posted a loss of $50 million in North America in the third quarter, compared with a loss of $849 million one year ago. Higher unit volume, favorable net revenue and positive net cost performance largely accounted for the improvement. Europe: In Europe, Ford lost $121 million compared with a loss of $24 million a year ago. The decline was largely due to higher marketing at Jaguar and Volvo and increased product costs at Jaguar. South America: Ford operations in South America reported a loss of $138 million, compared with a loss of $56 million a year ago. Unfavorable exchange rates more than offset improved cost performance. Economic and industry conditions in the region remain very difficult. Rest-of-World: Operations in the rest of the world earned a profit of $66 million, compared with a profit of $52 million a year ago. The increase primarily reflects improvements at Mazda. -4- FORD CREDIT Ford Credit earned $408 million in the third quarter, up $19 million from earnings of $389 million in the same period a year earlier. The improvement is more than accounted for by lower provisions for credit losses. Ford Credit's profit was up $65 million from the second quarter, reflecting improved net financing margins and the favorable impact of securitization transactions, offset partially by a higher provision for credit losses. HERTZ Hertz reported a third quarter profit of $106 million, up from last year's $26 million profit in the third quarter. The continued recovery of business and leisure travel is the principal reason for the increase. OUTLOOK "Our results have been better than we expected each quarter this year, causing us to remain cautiously optimistic as we move into the fourth quarter," said Allan Gilmour, Ford vice chairman and chief financial officer. "Many of our efforts to increase efficiency and improve our profitability are beginning to take hold, and we are projecting a slight profit for the fourth quarter and a full year profit of about 40 cents per share - within the range of analysts' estimates of 35 to 55 cents per share." Investors can access a review of third quarter results by Allan Gilmour, vice chairman and chief financial officer, and an update on the status of the company's Revitalization Plan by Bill Ford, chairman and chief executive officer, and Nick Scheele, President and COO, by dialing 703-736-7227. The teleconference will also be Web cast on the Internet at http://www.shareholder.ford.com, http://www.streetevents.com (subscribers only) or http://www.companyboardroom.com. The presentation will start at 9 a.m. EDT, Oct. 16. Ford Motor Company (NYSE: F) is the world's second largest automaker, with approximately 335,000 employees in 200 markets on six continents. Its automotive brands include Aston Martin, Ford, Jaguar, Land Rover, Lincoln, Mazda, Mercury and Volvo. Its automotive-related services include Ford Credit, Hertz and Quality Care. The company's world headquarters are in Dearborn, Michigan. Ford Motor Company will officially observe its 100th anniversary on June 16, 2003. Additional information can be found on the company's web site at www.ford.com. ### -5- Statements included herein may constitute "forward looking statements" within the meaning of the Private Securities Litigation Reform Act of 1995. These statements involve a number of risks, uncertainties, and other factors that could cause actual results to differ materially from those stated, including, without limitation: greater price competition in the U.S. and Europe resulting from currency fluctuations, industry overcapacity or other factors; a significant decline in industry sales, particularly in the U.S. or Europe, resulting from slowing economic growth or other factors; lower-than-anticipated market acceptance of new or existing products; currency or commodity price fluctuations; economic difficulties in South America or Asia; reduced availability of or higher prices for fuel; a market shift from truck sales in the U.S.; lower-than-anticipated residual values for leased vehicles; a credit rating downgrade; labor or other constraints on our ability to restructure our business; increased safety, emissions, fuel economy or other regulation resulting in higher costs and/or sales restrictions; work stoppages at key Ford or supplier facilities or other interruptions of supplies; the discovery of defects in vehicles resulting in delays in new model launches, recall campaigns or increased warranty or litigation costs; insufficient credit loss reserves; and our inability to implement the Revitalization Plan. EX-99 4 e101602ex991.txt Exhibit 99.1
Ford Motor Company SELECTED CONSOLIDATED DETAIL ---------------------------- 2002 Compared with 2001 Third Quarter First Nine Months ---------------------------- ----------------------------- 2002 2001 2002 2001 ------------ ------------ ------------ ------------- (unaudited) (unaudited) Worldwide vehicle unit sales of cars and trucks (in thousands) - - North America 1,060 933 3,338 3,178 - - Outside North America 597 589 1,853 2,005 ----- ----- ----- ----- Total 1,657 1,522 5,191 5,183 ===== ===== ===== ===== Sales and revenues (Mils.) - - Automotive $ 32,445 $ 28,451 $ 99,971 $ 97,377 - - Financial Services 7,135 7,873 21,765 23,253 -------- -------- -------- -------- Total $ 39,580 $ 36,324 $121,736 $120,630 ======== ======== ======== ======== Net income (Mils.) - - Automotive $ (675) $ (1,054) $ (805) $ (1,559) - - Financial Services 349 362 957 1,174 -------- -------- -------- -------- Income/(loss) before cumulative effect of change in accounting principle (326) (692) 152 (385) - - Cumulative effect of change in accounting principle - - (1,002) - -------- -------- -------- -------- Total net income/(loss) $ (326) $ (692) $ (850) $ (385) ======== ======== ======== ======== Adjusted income/(loss) before cumulative effect of change in accounting principle (Mils.) a/ $ 220 $ (502) $ 722 $ 78 Unusual items (Mils.) - - Interest Income on U.S. federal tax refund $ 142 $ - $ 142 $ - - - Kwik-Fit and other held for sale entities (525) - (525) - - - SFAS 133 (158) 9 (141) (150) - - End-of-life vehicle legislation (5) - (46) - - - E-commerce and Automotive-related ventures - (199) - (199) - - Mazda restructuring actions - - - (114) Capital expenditures (Mils.) - - Automotive $ 1,697 $ 1,408 $ 4,635 $ 3,994 - - Financial Services 152 199 452 428 -------- -------- -------- -------- Total $ 1,849 $ 1,607 $ 5,087 $ 4,422 ======== ======== ======== ======== Automotive capital expenditures as a percentage of sales 5.2% 4.9% 4.6% 4.1% Automotive net cash at September 30 (Mils.) - - Cash and marketable securities $ 24,819 $ 13,002 $ 24,819 $ 13,002 - - VEBA 888 2,213 888 2,213 -------- -------- -------- -------- Gross cash including VEBA 25,707 15,215 25,707 15,215 - - Debt 13,813 12,087 13,813 12,087 -------- -------- -------- -------- Automotive net cash including VEBA $ 11,894 $ 3,128 $ 11,894 $ 3,128 ======== ======== ======== ======== AMOUNTS PER SHARE OF COMMON AND CLASS B STOCK Income assuming dilution - - Automotive $ (0.37) $ (0.59) $ (0.44) $ (0.87) - - Financial Services 0.19 0.20 0.52 0.65 -------- -------- -------- -------- Subtotal (0.18) (0.39) 0.08 (0.22) - - Cumulative effect of change in accounting principle - - (0.55) - -------- -------- -------- -------- Total $ (0.18) $ (0.39) $ (0.47) $ (0.22) ======== ======== ======== ======== Adjusted net income/(loss) before cumulative effect of change in accounting principle a/ $ 0.12 $ (0.28) $ 0.39 $ 0.04 Unusual items - - Interest Income on U.S. federal tax refund $ 0.08 $ - $ 0.08 $ - - - Kwik-Fit and other held-for-sale entities (0.29) - (0.29) - - - SFAS No. 133 (0.09) - (0.08) (0.08) - - End-of-life vehicle legislation - - (0.02) - - - E-commerce and Automotive-related ventures - (0.11) - (0.11) - - Mazda restructuring actions - - - (0.07) a/ Excludes unusual items disclosed by the Company
EX-99 5 e101602ex992.txt Exhibit 99.2
Ford Motor Company and Subsidiaries VEHICLE UNIT SALES ------------------ 2002 Compared with 2001 (in thousands) Third Quarter First Nine Months ---------------------- ----------------------- 2002 2001 2002 2001 -------- -------- -------- ------- North America United States Cars 348 286 1,119 1,046 Trucks 615 561 1,893 1,853 ----- ----- ----- ----- Total United States 963 847 3,012 2,899 Canada 57 46 205 166 Mexico 40 40 121 113 ----- ----- ----- ----- Total North America 1,060 933 3,338 3,178 Europe Britain 132 149 444 493 Germany 67 72 241 289 Italy 49 47 160 174 France 34 36 98 118 Spain 35 43 125 136 Sweden 39 26 105 90 Other countries 98 87 276 309 ----- ----- ----- ----- Total Europe 454 460 1,449 1,608 South America Brazil 41 24 104 99 Argentina 8 8 19 23 Other countries 4 12 19 30 ----- ----- ----- ----- Total South America 53 44 142 152 Other international Australia 28 29 85 85 Taiwan 16 14 51 43 Other countries 46 42 126 117 ----- ----- ----- ----- Total other international 90 85 262 245 ----- ----- ----- ----- Total worldwide vehicle unit sales 1,657 1,522 5,191 5,183 ===== ===== ===== =====
Vehicle unit sales generally are reported worldwide on a "where sold" basis and include sales of all Ford-badged units, as well as units manufactured by Ford and sold to other manufacturers. Third quarter 2001 units have been adjusted to amend unit sales reported. EX-99 6 e101602ex993.txt Exhibit 99.3
- ------------------------- Excludes SFAS 133 Effect, & Unusual Items - ------------------------- Ford Motor Company AUTOMOTIVE GEOGRAPHIC AND COST OF SALES DETAIL ---------------------------------------------- 2002 Compared With 2001 --------------- GEOGRAPHIC DATA 3rd Quarter Nine Months --------------- ------------------------------------------ ------------------------------------------ 02 B/(W) 02 B/(W) 2002 2001 Than 01 2002 2001 Than 01 ------------ ------------- ------------- ------------- ------------- ------------ PBT (Mils.) ----------- U.S. $23 ($1,351) $1,374 ($459) ($2,259) $1,800 Canada/Mexico (19) 55 (74) 13 374 (361) ------------ ------------- ------------- ------------- ------------- ------------ North America $4 ($1,296) $1,300 ($446) ($1,885) $1,439 Europe (188) (30) (158) 220 320 (100) South America (211) (86) (125) (431) (276) (155) Rest of World 105 80 25 346 123 223 ------------ ------------- ------------- ------------- ------------- ------------ Worldwide ($290) ($1,332) $1,042 ($311) ($1,718) $1,407 ============ ============= ============= ============= ============= ============ Net Income (Mils.) ------------------ U.S. ($37) ($872) $835 ($438) ($1,462) $1,024 Canada/Mexico (13) 23 (36) 3 224 (221) ------------ ------------- ------------- ------------- ------------- ------------ North America ($50) ($849) $799 ($435) ($1,238) $803 Europe (121) (24) (97) 151 205 (54) South America (138) (56) (82) (285) (179) (106) Rest of World 66 52 14 221 58 163 ------------ ------------- ------------- ------------- ------------- ------------ Worldwide ($243) ($877) $634 ($348) ($1,154) $806 ============ ============= ============= ============= ============= ============ Sales (Mils.) ------------- U.S. $21,059 $18,251 $2,808 $65,348 $62,920 $2,428 Canada/Mexico 1,710 1,516 194 5,635 4,769 866 ------------ ------------- ------------- ------------- ------------- ------------ North America $22,769 $19,767 $3,002 $70,983 $67,689 $3,294 Europe 7,549 6,705 844 22,899 23,469 (570) South America 406 518 (112) 1,264 1,763 (499) Rest of World 1,721 1,461 260 4,825 4,456 369 ------------ ------------- ------------- ------------- ------------- ------------ Worldwide $32,445 $28,451 $3,994 $99,971 $97,377 $2,594 ============ ============= ============= ============= ============= ============
------------- COST OF SALES 3rd Quarter Nine Months ------------- ------------------------------------------ ------------------------------------------ 02 B/(W) 02 B/(W) 2002 2001 Than 01 2002 2001 Than 01 (Mils) (Mils) (Mils) (Mils) (Mils) (Mils) ------------ ------------- ------------- ------------- ------------- ------------ Total Costs and Expenses $32,543 $29,546 $(2,997) $99,595 $98,408 $(1,187) Less: Depreciation 646 632 (14) 1,869 1,989 120 Amortization 580 482 (98) 1,803 1,832 29 Selling and Admin. 2,418 2,276 (142) 7,024 7,025 1 Postretirement Exp. 501 358 (143) 1,561 1,086 (475) ------------ ------------- ------------- ------------- ------------- ------------ Net Cost of Sales $28,398 $25,798 ($2,600) $87,338 $86,476 $(862) ============ ============= ============= ============= ============= ============ Memo: Gross Margin 12.5% 9.3% 3.1 pts 12.6% 11.2% 1.4 pts
EX-99 7 e101602ex994.txt Exhibit 99.4
Ford Motor Company THIRD QUARTER 2002 DATA SHEET ----------------------------- 2002 Compared with 2001 2002 2002 2001 ---------- ----------- ------------------------ 2nd Qtr 3rd Qtr 3rd Qtr Full Year ---------- ----------- ---------- ---------- Market Share Data (%) U.S. ---- Car 16.7% 16.6% 17.1% 17.7% Truck 25.7% 25.7% 27.1% 27.4% Total 21.3% 21.3% 22.1% 22.8% Europe ------ Car 11.3% 11.4% 11.2% 11.0% Truck 7.7% 8.3% 9.0% 8.6% Total 10.8% 11.0% 10.9% 10.7% U.S. Total Marketing Costs (Ford/LM) -- Variable and Fixed (% of Gross Revenue) 15.6% 15.9% 16.0% 14.7% U.S. Sales Mix (Ford/LM) Fleet Sales (% of Total) 28% 17% 17% 23% Red Carpet Lease (% of Total) 13% 8% 18% 15% Red Carpet Lease (% of Retail) 18% 10% 22% 20% U.S. Inventory (Days' Supply) (Ford/LM) Car 64 67 48 63 Truck 68 65 70 60 Average 67 65 62 61 Avg. Portfolio Borrowing Rate Ford Credit (%) 5.1% 5.1% 5.9% 6.1% Worldwide Taxes Effective Tax Rate 32.5% 32.7% a/ 32.5% 32.5% Common and Class B Shares Outstanding (Mils.) Average - actual 1,813 1,822 1,812 1,820 Average - assuming full dilution 2,112 1,820 1,806 1,810 Period ended - actual 1,816 1,823 1,811 1,809 Common Stock price (per share) High $18.23 $15.76 $25.76 $31.46 Low 14.88 9.34 15.34 14.93 Cash Dividends (per share) $0.10 $0.10 $0.30 $1.05 a/ Includes dividends from Ford Motor Capital Trust and excludes unusual items
EX-99 8 e101602ex995.txt
Exhibit 99.5 Ford Motor Company 2002 NORTH AMERICAN AND OVERSEAS PRODUCTION ------------------------------------------- 2002 Actual 2002 Planned --------------------------- ------------ First Second Third Fourth Quarter Quarter Quarter Quarter ------- ------- ------- ------------ (000) (000) (000) (000) North American Production and Imports* Car 392 426 316 310 Truck 660 749 635 655 ------- ------- ------- ------- North American Production 1,052 1,175 951 965 Imports (Volvo, Jaguar, Land Rover, Fiesta) 63 73 80 76 ------- ------- ------- ------- Total North America (Incl. Imports) 1,115 1,248 1,031 1,041 Overseas Vehicle Production 612 666 593 716 ------- ------- ------- ------- Ford Worldwide 1,727 1,914 1,624 1,757 ======= ======= ======= ======= Over/(Under) Prior - ------------------ North America Units: - Forecast 0 0 0 10 - Quarter 21 133 (217) 10 - Year (13) 47 163 (53) Percentage: - Forecast 0% 0% 1% 1% - Quarter 2% 12% (17)% 1% - Year (1)% 4% 19% (5)% Overseas Units: - Forecast 0 0 (39) 0 - Quarter (57) 54 (73) 123 - Year (87) (50) 13 47 Percentage: - Forecast 0% 0% (6)% 0% - Quarter (9)% 9% (11)% 21% - Year (12)% (7)% 2% 7% Worldwide Units: - Forecast 0 0 (30) 10 - Quarter (36) 187 (290) 133 - Year (100) (3) 176 (6) Percentage: - Forecast 0% 0% (2)% 1% - Quarter (2)% 11% (15)% 8% - Year (5)% (0)% 12% (0)% - - - - *Includes units produced for other manufacturers (e.g. Mazda and Nissan)
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